276 Prospect St #8 DEast OrangeNJ07017
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in East Orange at 276 Prospect St #8 D, East Orange, NJ, 07017 generates $1,432/mo in rent and, after a $979/mo payment, leaves $6/mo in cash flow. Total monthly income is $1,432/mo, and annual cash flow is $76/yr on $66,300 invested. Return on cash invested sits at 20.02% in year one, and rental yield is 8.59% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 104.74% and total cumulative return in cash sums $69,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,432/mo property income rather than buyer’s personal income.
Condo
Built in 1963
1.08 Acres lot
$N/A/sqft
No HOA
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Listed by: Clint Mitchell • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3999799